Dead Cow Resists Cheap Oil: Citi Bets on YPF, Vista and TGS

Citi (C) raised its recommendation for YPF from ‘Neutral’ to ‘Buy’ and adopted a more favorable stance towards the Argentine energy sector, driven by a constructive view of the potential of Vaca Muerta. In its most recent report, the bank stresses that the development of the non-conventional basin remains profitable despite the decline in oil prices.See more: From Pemex to YPF: Latin American oil companies react to cheaper crude oilIn the case o…